Mizuho Maintains Buy on Credo Technology Group, Raises Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Vijay Rakesh has reaffirmed a Buy rating on Credo Technology Group (NASDAQ:CRDO) and increased the price target from $18 to $21.
November 30, 2023 | 6:22 pm
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Mizuho analyst Vijay Rakesh maintains a Buy rating on Credo Technology Group and raises the price target from $18 to $21, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a bullish outlook on the stock, suggesting that the analyst expects the stock to perform well in the near term. This can often lead to increased investor confidence and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100